Saturday, February 6

Our $250 European Cruise

Talk about hitting the jackpot:  On our cruise in December, I thought I was lucky when I hit the "Lucky Ladies" while playing blackjack.  The $1 bet paid out $1,000.  I ended up coming home with enough money to completely pay for our cruise.

My luck didn't stop there, apparently.  This week I received a phone call from my Carnival personal vacation planner, Michael.  Michael called to review the details of my new casino offer.  I could choose from over 300 cruises and pay just $125 per person, plus taxes.  Even better, I could select as many cruises from the list as I desired.  We don't gamble much, so I'm very surprised by this offer.  Besides a few hours of video poker, I played maybe 8 hours of low limit blackjack during our last 7 day cruise.  And ZERO slots.

12 Day European Cruise from Barcelona for $250

With taxes, I paid $420 for a 12 Day European Cruise, which sails in August, prime season..  Look at that screenshot up top:  The regular price, before taxes, starts at $1,549 per person for an interior room.  We are saving almost $3,000 on this cruise. We have booked an exterior room with a 4*3 window.  It's on the Carnival Vista, a brand new ship that sets sail in April.  The Vista will tour Europe for a few months before sailing to the United States.  In addition to the great rate, I receive a $100 onboard credit with the offer and a second $100 onboard credit for being a shareholder.

An added bonus, Delta Airlines honored what it says was a mistake-fare.  When I first looked at airfares, I found a round-trip flight from Atlanta to Barcelona for $769/each.  But when I went to book the flight, the fare increased to $1,774 each.  I called Delta to complain, and after escalating my concerns to a supervisor, the airline honored the original fare.

We also booked a second cruise out of Fort Lauderdale.  It is an 8 Day Eastern Caribbean.  Two of the four ports it will visit are new to us.  I bought tickets on Megabus leaving the morning of the cruise and departing the day we return, so no hotel or other travel expenses will be required.  This will be a super cheap cruise all things considered.

Thursday, February 4

My Frugal Miser - January Expenses: $1,900 (really $1,256)

January was decent.  Over the last several months I bought several gift cards, mostly to restaurants.  I already reported those gift cards as expenses, so the actual cash outlay for food last month was under $100.

I stocked up on wine, increasing the entertainment line.  But I also paid off the AMEX, so January is the last month where I will pay exorbitant interest expenses.  I paid $900 to replace a crown.  I didn't like how the old one fit.  Finally, my health insurance went down after I re-assessed my ACA eligibility.

January Expenses:  $1,900

$(1,057) Auto ($41 gas, $0 repairs/maintenance, $674 depreciation, +$1,643 gain from sale of Aveo, +$130 refund of auto insurance policy for Aveo) income this month
$25 Bank Fees
$0 Clothing
$0 Computer
$234 Entertainment (movies, gambling, alcohol)
$89 Food
$0 Gifts Given
$133 Household/Housing/Home Repair
$51 Health and Dental Insurance
$0 Investment Expense
$161 Interest Expense
$900 Medical/Dental
$644* Miscellaneous
$0 Personal Care
$0 Subscriptions
$0 Taxes
$158 Uber/Lyft Expenses (excluding fuel and depreciation)
$291 Utilities
$270 Vacation and Recreation

*My discontent continues with Quicken.  Long story short, I tried to reconcile one credit card account, and it created chaos and serious errors.  In order to balance the account, I created a $644 miscellaneous charge.

Tuesday, February 2

My Frugal Miser - January Income: $11,693

Starting this month I plan to add investment income to this report, which I haven't done before.  I haven't done this before because activity in my brokerage accounts doesn't show up on the same income reports in Quicken as my other sources of income.  More of my income will be coming from investments as I sell off my rental properties.

January was a strong month.  Uber and Lyft didn't drop their rates until the second week of the month, so I still had a fair amount of income from ridershare activity.  I also did a hospitality job and was paid from the mystery shops I did over the holidays.  All rental properties are rented and current.

January Income $11,693

$1,327 Mystery Shopping and Hospitality Jobs
$990 Uber
$577 Lyft
$6,485 Rental Income
$1,047 Dividends and Interest (Investment Accounts)
$825 Realized Gains on Investments
$442 Other Sources

  • I don't include transactions in my retirement accounts.  This includes rental income, dividends and capital gains and losses.
  • I include merchandising and hospitality work in the mystery shopping category since the companies that I shop for provide this extra side work. 

Sunday, January 31

A Frugal Miser's Guide to Panama City, Panama

Panama Skyline from the boardwalk near Casco Viejo
This week my partner and I have explored Panama.  It has turned out to be a great place to visit.  In comparison to Ecuador, the country is more modern, English is widely spoken, and American-style amenities are readily available.  But while doing my research I was surprised that some information that would have been helpful was missing.

Metro de Panamá

Panama's new rapid transit system is a single-line subway that runs from the Albrook Mall to San Isidro.  At each station there is an electronic kiosk where you must pay $2 to purchase a permanent fare card (called Sistema Integrado de Transporte Publico Urbano).  You also have to load funds at this kiosk.  Each fare on the Panama Metro is 35 cents ($.35) as of January, 2016.  My advice, if you plan to use public transportation, is to buy your card using a $5 bill and select the option to have the $3 balance loaded to your card.  To pay, you hold your card over a QR reader at the turnstile, which turns green to let you know you swiped the card properly.  You do the same thing when you exit the rail, so keep your card handy (it only charges on the way in though).  Our hotel, the Holiday Inn Express in the financial district, was about a five minute walk to the Iglesia Del Carmen stop on Via Espana.

Using Uber

Originally we were going to rent a car, but the Payless counter was closed when we arrived at 3 AM (the website said it was open 24 hours).  I have heard that taxi drivers will overcharge tourists, so using Uber was an easy choice.  The same app I use in the United States works in Panama.  To get from the Tocumen Airport, I paid a $25 base fare and $2.65 in tolls on the Corredor Sur.  That's a little high, but slightly less than a taxi.  Once at our hotel, Uber was super cheap.  Minimum fares in the city are just $2.  As of January, 2016, there is an $.80 base charge, $.10 per minute and $.20 per kilometer ($.32 per mile).  This is ridiculously cheap.  The added convenience of pre-entering your destination reduces any communication problems (our driver spoke some English).  Plus you don't have to worry about being charged gringo prices.

Stocking Up on Essentials

Close to our hotel, on Via Espana, we found the Rey Supermarket.  It is an American-style supermarket, with a bakery, coffee shop and pre-packaged deli sandwiches.  Grocery prices were clearly marked, and there was no tax on food.  We did pay a 10% tax on beer.  Balboa Beer, one of the national brands, was $.64 per 12 ounce can.


Just about every American-brand hotel has a presence in Panama.  You can find lower prices if you shop other hotels and hostels, but we like the comfort of an American brand when we spend the entire day in unfamiliar settings.  Our hotel was somewhat less expensive than it would have been in the United States.  The Holiday Inn Express was a newer property with modern amenities.  The weekday rate was $78 and weekends were $73.  I paid in advance for a lower rate.  I was particularly impressed with the breakfast buffet, which was included in the rate.  There were several hot items, including scrambled eggs with pork, two types of potstickers (weird for breakfast, but tasty!), yucca patties, pancakes, and a couple of marinated meats.  There were also several fruits, cereals and juices.  This was far superior to the breakfast you would get in the U.S.

Eating Out

$8 lunch from a vendor at the Fish Market
There were a variety of options.  I saw several American brands, including Subway, KFC, McDonald's, Domino's, Taco Bell and Wendy's.  Local chains included Pio Pio (just like KFC) and Niko's Cafe. If your English is limited, Niko's is easy because you select what you want from a cafeteria line.  Overall I didn't think food prices were drastically different in Panama than they were back home.  I was disappointed by how bland some of the food was.  Back home I am a heavy hot sauce user, but none of the restaurants offered it, not even KFC.

Frugal Things to Do in Panama

Tours appeared to be very expensive relative to the value offered.  Using my smartphone, I could easily look up places of interest wherever we went.  In Casco Viejo, we could have simply joined one of the guided tours we passed, as each guide spoke to throngs of people at once.  Here are a few of the things we did:
View from the Metropolitan National Park
  • We bought a combo ticket for the Frank Gehry Biomuseum and Panal Canal tour ($25 each).  Tickets just to the Biomuseum were $22, so this was a great value.  It isn't advertised, so you have to ask for the combo ticket at either location.  The Uber between the two was $5, and our driver had a newer car with leather seats.  He told us, in English, so much about Panama's history.  We Ubered from the canal to the Albrook mall (less than $4) and took the subway back to the city ($.35) after a quick, late lunch in the mall food court.  
  • We spent several hours walking Casco Viejo.  It is a world heritage site and many of the buildings have been restored to their original splendor.  We took the subway to the Cinco de Mayo stop; it was a short walk from there to Casco Viejo.  We toured a religious artifact museum (free) and took photos of the cool buildings and the boardwalk.  Then we had a late lunch at the fish market.
  • We visited the Metropolitan National Park, which is within walking distance of Albrook Mall.  We hiked two of the trails and caught an amazing view of the Panama skyline.  
  • I peaked my head into the Continental Casino on Avenida Central Espana.  The casino was small, with just a handful of table games, electronic roulette and slots (no video poker).  You have to obtain a card to play any games, and there is a 5.5% tax on anything you cash out from the card.  Fortunately I won a few dollars.  The casino was mostly empty.
Panama is a great place to visit if you are looking for easy international travel.  We flew Spirit from Tampa, connecting in Fort Lauderdale.  The round-trip tickets were $182 each.  I highly recommend using Uber to get into the city (assuming you arrive in the middle of the night like we did, as the buses weren't running then) and the subway whenever possible.  Many people speak English and a lot of the signs are bilingual.  The only part that disappointed me was the bland food.